/biz/ - Business & Finance

>governance token

>>50116674
isn't that all the shitcoins? atleast part of what they do?

>dude just chink copy uniswap and deploy it on a centralized blockchain

>>50116664
literally every alt is in this position

>>50116664
Complete failure of leadership and governance. Staff complaining they weren't getting paid enough and the "community" refusing to release tokens to them because "we're dumping already that will just mean more dumping". And look how it turned out.
DAOs are fucking gay as fuck, this is what happens when you give retards a say in how you run your project.

>>50116664
sold at 15, not buying

>>50116664
idk why they haven't taken what value they have left to their own chain, hell manage a DEX on every popular sidechain; why not?

>>50116689
Governance is an afterthought which sole purpose is to have an excuse to create a useless token that you dump on retail investors who were stupid enough to purchase a worthless security. Democracy is in and of itself retarded, why you want to introduce fallible system where retards with midwit opinions have any influence over your project? Not that anything of substance is ever actually posed to governance models, people will always vote for the obvious or out of self interest.

>>50116722
I think it's an unitended consequence of the DAO models being # of tokens = % voting power. This turns into a whales control everything scenario every time.

>>50116758
I completely agree. Governance is the lowest effort token "usecase".

>>50116758
>Democracy is in and of itself retarded, why you want to introduce fallible system where retards with midwit opinions have any influence over your project? Not that anything of substance is ever actually posed to governance models, people will always vote for the obvious or out of self interest.
The whole point is to collect the self-serving opinions of the customers you are servicing so that you can ensure your project's direction matches their actual wants and needs instead of your centralized opinion.

>>50116968
kek nice pic saved.

>>50116968
Hivemind is inherently centralized, especially when voting outcomes are public.

curve happened

>>50117083
wtf is that UI though, unappealing to normies.

>>50117070
>Hivemind is inherently centralized
cope